(San Francisco, CA, Wednesday, February 23, 2022) – “Three-quarters of Americans agree that the country is facing a retirement crisis,” which is one reason America Saves Week sets aside Feb. 23 to specifically address saving for retirement.
Since 2007, America Saves Week has been an annual celebration as well as a call to action for everyday Americans to commit to saving successfully.
However, in terms of saving for retirement, the landscape is changing. Pensions have largely disappeared from the private sector, Social Security is fragile, and many workers are struggling to save for retirement, especially employees at small-to-medium businesses.
To combat this crisis and increase retirement savings for American workers, many states have passed legislation regarding retirement plans—and have upcoming registration deadlines.
For small- and medium-sized businesses missing deadlines could mean fines.
For employees at small-to-medium businesses—such as hourly workers in food service and construction— it could be an opportunity, for the first time, to save for retirement.
Previously, only large companies offered employee retirement plans, leaving more than half of all working Americans without a path to a secure financial future. Human Interest is changing that by offering affordable, accessible retirement plans to businesses of all sizes.
Human Interest can help business owners understand state-sponsored retirement plans and how plans are changing to make it easier for small and medium businesses to manage.
Human Interest is the affordable, full-service retirement benefit provider for small and medium-sized businesses. With a Human Interest 401(k) or 403(b), employees in all lines of work can access a high-quality retirement savings plan to help them on the way to financial independence. Headquartered in San Francisco, CA, Human Interest has helped more than 60,000 employees working at 2,000+ small and medium businesses across America. For more information, please visit humaninterest.com.